Tuesday, June 03, 2008

WebCPA - Blackbaud to Acquire Kintera for $46 Million

WebCPA - Blackbaud to Acquire Kintera for $46 Million: "Blackbaud to Acquire Kintera for $46 Million

San Diego (June 2, 2008)
By WebCPA staff
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Nonprofit accounting software vendor Blackbaud has struck a deal to acquire rival Kintera for $1.12 per share, or approximately $46 million.

Kintera, which specializes in on-demand software for nonprofits, had been facing financial pressures lately, including the threat of a delisting notice from Nasdaq (see Kintera Gets Bad News from Nasdaq)."
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